Golden Energy Offshore Services AS (GEOS) has informed that a contract extension has been secured for Energy Swan.
A contract extension has been secured with Repsol Norge. The contract is in direct continuation of the current charter contract from 2021. The large PSV Energy Swan was in 2021 chartered for a firm period of 1 year + optional (total of 1 years options). Repsol Norge AS and GEOS agreed after expiration of the firm period to extend for an additional 6 months till 1st May 2023 - reference to notice 13.09.2023. Repsol Norge AS and GEOS then agreed to extend contract with additional 2 months till 1st July 2023 – reference notice 31.03.2023. Repsol Norge AS and GEOS then agreed to extend contract with additional 2 months till 1st September 2023 - reference notice 30.05.2023.
Repsol Norge AS and GEOS have now agreed to extend contract with additional 2 months till 1st November 2023. The are no more options available for Repsol Norge AS after 1st November 2023.
GEOS also issued the following commercial update:
In July 2023, Golden Energy Offshore Services AS (GEOS) achieved time charter equivalent earnings of approximately USD 19,162 per day and fleet utilization of 99%. Presently GEOS has three PSVs whereof Energy Swan is on Term business with Repsol N, Energy Empress is on Term Business in Caribbean and Energy Duchess trading spot/ short term with very good utilization. The market continues improving in several regions and Energy Duchess is in an attractive position for several business opportunities. See: https://newsweb.oslobors.no/message/596073
Source: Golden Energy Offshore Services
